Basenji (BENJI) Price Prediction

Deep Dive

1. RWA Token Misidentification (Mixed Impact)

Overview: Franklin Templeton’s BENJI token (a regulated money-market fund) shares the same ticker as Basenji, a Base Chain memecoin. This overlap has caused confusion, with some traders mistakenly buying Basenji’s BENJI. Franklin’s $420M fund-backed token saw $5.9M daily volume as of 4 August 2025, but Basenji’s unrelated token risks volatility from misdirected institutional interest.

What this means: Short-term pumps from confusion are possible, but sustained demand hinges on clarifying Basenji’s identity. A resolution (e.g., ticker change) could stabilize prices, while prolonged ambiguity may deter serious investors.

2. Base Chain Ecosystem Growth (Bullish Impact)

Overview: Basenji’s branding as “the based breed” ties it to Coinbase’s Base Chain, which has seen rising activity since its 2023 launch. Recent campaigns, like Basenji’s London ads, aim to boost visibility. Base’s Total Value Locked (TVL) and user growth could indirectly lift Basenji if memecoin traders flock to the chain.

What this means: As Base gains traction (e.g., through integrations or viral apps), speculative demand for native tokens like BENJI might rise. However, competition with other Base memecoins could dilute gains.

3. Technical & Sentiment Weakness (Bearish Impact)

Overview: BENJI trades 47% below its 60-day high, with price ($0.0122) under all key moving averages (7-day SMA: $0.0132). The RSI (41–43) suggests neutral momentum, but low volume ($4.25M) reflects fading interest.

What this means: Until BENJI reclaims the 7-day SMA ($0.0132) or sees a surge in buy-side volume, technicals favor further downside. A break below the 78.6% Fibonacci retracement ($0.0124) could trigger a test of $0.011 support.

Conclusion

Basenji’s fate balances Base Chain’s growth against memecoin fatigue and ticker confusion. While ecosystem momentum offers a lifeline, technicals and market saturation pose headwinds. Can BENJI decouple from Franklin’s token and capitalize on Base’s expansion before liquidity dries up? Monitor trading volume and Base’s developer activity for clues.